Moody's rates PSA debt B1

Moody's Investors Service said it assigned a B1 global local currency senior debt rating to PSA Finance Argentina Compania Financiera's ninth bond issuance for an amount up to Argentine peso $80 million, which will be due in 24 months, as well as to the tenth issuance for an amount of Argentine peso $40 million, which will be due in 9 months.

At the same time, on the national scale, Moody's assigned an Aa2.ar local currency debt rating to both issuances.

The outlook is stable.

Moody's said it the local currency senior unsecured debt rating derives from PSA Finance's B1 global local currency deposit rating. Moody's also noted that seniority was taken into consideration in the assignment of the debt ratings.

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